Mirae Asset Mutual Fund

About Mirae Asset Mutual Funds

Since 2005, Mirae Asset has been amongst the most prominent international fund institutions that operate in India. From incorporation until now, it has been well known for its incredible management of mutual funds. It is the first global company to get its application to make various products associated with mutual funds available for Indian investors. It earned approval from SEBI for the same. To assist all clients in achieving their financial goals, Mirae Asset Mutual Fund strives to offer its customers great investment possibilities across various market capitalisation categories and asset classes. 

It provides clients with a broad range of options, including equity schemes with large-cap to mid-cap to small-cap funds, fixed income schemes with income funds, debt funds, and liquid funds, and hybrid schemes with balanced funds together with the ETFs. A diversified financial services company, Mirae Asset Mutual Funds operates in several industries and asset classes, including Equity, Alternative Investments, Credit Rating, Wealth Management, and much more.

Mirae Asset Private Limited put forward all the investment management tasks for Mirae Asset Fund. Equity Funds, Debt Funds, and Hybrid Funds are among the product options available to investors. By providing cutting-edge investment tools that satisfy the investment demands of the broad consumer base, Mirae Asset Mutual Funds are setting the bar high. This can be seen through the Mirae Mutual Funds’ performance.

Additionally, it is highly backed by a strong network of distributors around the nation.

At Mirae Asset Solutions, fund managers concentrate more on what matters to most clients. It is considered the best possible approach to expand the investor base and serve them. It resulted in establishing a business that prioritises your requirements above anything else. They can provide the best degree of service and deliver investment solutions that are precisely customised to a client’s objectives and risk tolerance.

Types of Mirae Mutual Funds

To cater to a versatile customer base with paramount investment solutions, Mirae Mutual Funds offer a wide range of mutual funds. In total, Mirae Asset Mutual Funds offer ten schemes categorised under Equity Funds, Hybrid Funds, Thematic Funds, Fixed Income Funds and Mirae Asset Tax Saver Funds.

Equity Funds by Mirae Asset Mutual Fund

Equity Funds are the mutual funds in which the amount is invested in the organisation’s equity. Two Mirae MF schemes are available under this category. These are Mirae Asset India Equity Fund and Mirae Asset Emerging Bluechip Fund. 

Mirae Asset India Equity Fund

Earlier, the scheme was called Mirae Asset India Opportunities Fund, but lately, it has been renamed Mirae Asset India Equity Fund. It falls in the category of an open-ended equity scheme. The schemes feature flexibility, market capitalisation, an array of sectors, and investment styles.

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Mirae Asset Emerging Bluechip Fund

The Mirae Asset Emerging Bluechip Fund is also an open-ended scheme. It invests the amount in the large market capitalisation stocks and mid-cap stocks.

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Thematic Funds by Mirae Asset Mutual Fund

Mutual Fund investments that are directed toward stocks are referred to as Thematic Funds. Thematic funds are highly prone to market volatility and associated risks. It is considered an ideal investment option for investors having a sound understanding of current market trends.

Mirae Asset Healthcare Fund

Mirae Asset Healthcare Funds typically invests in equities associated with healthcare organisations along with correlated sectors. The investment bucket includes hospitals, pharmaceutical stocks, medical equipment, and much more.

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Mirae Asset Great Consumer Fund:

Mirae Asset Great Consumer Fund is another open-ended thematic fund offered by Mirae Mutual Funds. It considers the consumption theme while investing. The funds are invested in ventures with a powerful return ratio and a sustainable advantage over the competition. Various segments in which the funds are invested include FMCG, Real Estate, Education, Telecom Industry, e-Commerce, Hospitality, and much more.

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Hybrid Funds by Mirae Asset Mutual Fund 

Funds that are invested partially in equity, as well as debt securities, are termed Hybrid Funds. Hybrid Funds by Mirae Asset Mutual Fund allow investors to invest in plenty of asset classes and access to a diversified portfolio. It results in the mitigation of associated risks. Only one scheme is offered under this category, i.e. Mirae Asset Hybrid Equity Fund. 

Mirae Asset Hybrid Equity Fund: 

Earlier, the fund was known by the name of Mirae Asset Prudence Fund, but, lately renamed Mirae Asset Hybrid Equity Fund. It falls in the category of the open-ended scheme in which investments are directed toward equities as well as associated securities.

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Fixed Income Funds by Mirae Asset Mutual Fund

Fixed Income Mutual Funds provide investors with reliable and risk-free investment tools to generate higher returns.

Investors typically use the funds under this scheme for diversifying their investment portfolio. Mirae Asset Mutual Fund provides four schemes under this category. 

Mirae Asset Short Term Fund

Mirae Asset Short Term Fund falls in the category of an open-ended scheme for the short term. The funds are invested for a short time, from one to three years. It works on an accrual-based investment strategy.

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Mirae Asset Dynamic Bond Fund

Mirae Asset Dynamic Bond Fund is an open-ended debt scheme. In this type of scheme, the funds are invested for long terms and are actively managed. The key objective is to provide investors with adjusted returns. Additionally, it focuses on risk optimisation. Typically, the funds are invested in government bonds as well as corporate bonds such as repo & reverse repo.

Features:

Mirae Asset Cash Management Fund

Mirae Asset Cash Management Fund falls in the category of open-ended liquidity based scheme. It aims to cater to investors with stable returns and with minimal involvement of risks. Under this scheme, the funds are invested in a quality portfolio along with money market instruments. 

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Mirae Asset Savings Fund

Savings funds fall in the open-ended category in which the amount is invested for a small time frame. The returns are generated on the basis of macroeconomic market trends. 

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Tax Saving Funds by Mirae Asset Mutual Fund

In Tax Saving Funds the funds are invested in equities along with the other associated securities. These mutual funds are accessible with a lock-in period. Thus, you cannot redeem or withdraw the invested amount before the completion of the lock-in period.

The investors get the opportunity to enjoy tax benefits under Income Tax Act – Section 80C, 1961. Mirae Asset Mutual Funds offer one tax saver fund. It offers the following features to the investors: 

Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund falls under an open-ended category. It is associated with the equity-linked savings scheme or ELSS. It comes with a 3-Year lock-in period. This Mirae MF offers tax benefits to the investor. Moreover, the funds are invested in equity together with the correlated securities.

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How To Invest in Mirae Mutual Funds?

Investing in Mirae Mutual Funds has become easier with the infusion of technology in the investment sector, investing in Mirae Mutual Funds has become easier than ever. In order to invest in Mirae Mutual Asset Mutual Funds, initially, you need to get done with your KYC. As soon as you complete the KYC process.

• Go to the official portal of Mirae Asset Mutual Fund.
• From the home page, open the ‘Investor Centre’ section.
• You will be redirected to another page. The page chose the ‘How To Invest’ tab from the left section. 
• Now, click on the ‘Wish to invest’ section.
• Click on the ‘Invest Online tab’ next to this. 
• You will get redirected to another page, i.e. Mirae Asset transact@ease page.
• Select the ‘New Investor’ option and provide the mentioned information.
• Follow the instructions and choose the mutual fund you would like to invest in. Choose the amount and submit your application.

You will have to wait for seven working days, and your mutual fund account will be activated within this time frame.

Essential Documents to Invest in Mirae Asset Fund

To invest in the best Mirae mutual funds with utmost ease, be prepared with the following documents in advance.

In general, the records required include the following:

Identity Proof

• PAN Card
• Voter Identity Card
• Driving Licence
• Passport/ Aadhaar Card
• Other Government issued Identity Proofs

Address Proof

• Voter Identity Card
• Driving Licence/ Passport
• Ration Card/ Aadhaar Card
• Bank Passbook or Account Statement 
• Utility bills including Electricity Bill, Telephone Bill, Gas Bill, etc.

The documentation process overall can be very time-consuming. Here, you can avail the service of Urban Money, which provides you with a quick, paperless option.

Uploading the scanned copies of identity and residential proofs will allow you to complete your KYC in less than two minutes. This includes your signature, a photograph, a live video, PAN card, and any Government-issued proof, including Aadhaar Card, Voter ID Card, Driving Licence, and Passport. The simple KYC application from Urban Money makes investing simple and hassle-free. Generally, the KYC is validated within three to five working days as the process is carried out by Government-approved organisations.